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30 Jul

India’s electricity demand to rose 4% in 2025: IEA

Business CorrespondentBusiness, News

New Delhi, India's electricity demand is expected to grow modestly by 4 per cent in 2025, after consumption slows due to cool summer temperatures in the first half of the year and peak load shifts to September, the International Energy Agency (IEA) has said. In its mid-year update on electricity, the IEA said global electricity demand is growing far faster than forecast for the 2025-2026 period over the past decade, but electricity demand in China and India is expected to grow more slowly in 2025 than the rapid growth seen in 2024. "Electricity demand in India is forecast to grow…

30 Jul

Assam Evicts Illegal Settlers

Purbalee DuttaNews, North East

Amid the large-scale eviction drive across six districts of Assam, concerns are mounting that displaced individuals may attempt to enter neighboring Northeastern states. In response, the Nagaland government has issued advisories to border districts to remain vigilant. Similar alerts have been raised by Manipur and Meghalaya. Assam Chief Minister Himanta Biswa Sarma stated that most of the evicted people had encroached on forest land in districts like Cachar, Sribhumi, Dhubri, Barpeta, Hojai, Nagaon, and Morigaon, and some had migrated from other states such as West Bengal and Bihar. The Arunachal Pradesh unit of the National People’s Party (NPP) has urged…

29 Jul

Digital payments in India gain by 10.7%

Business CorrespondentBusiness, News

Mumbai, Digital payments across the country recorded a year-on-year growth of 10.7 percent till March 2025, according to the RBI's index that measures the adoption of online transactions. The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India-Digital Payments Index (RBI-DPI) from January 1, 2021, with March 2018 as the base year to reflect the extent of digitalisation of payments across the country. The index for March 2025 is 493.22, while it was 465.33 for September 2024 and 445.5 for March 2024, RBI said in a statement. According to the half-yearly data, "the increase in…

29 Jul

Nyishi & Mising Communities Agree To Strengthen Ties

Purbalee DuttaNews, North East

The Nyishi Elite Society (NES) and the Mising Bane Kebang (MBK) have resolved to strengthen their long-standing ties and promote peaceful coexistence and brotherhood between the Nyishi and Mising communities. This decision was made during a consultative meeting held on Monday at the NES Research and Heritage Centre in Richi Jullang, as stated in a joint press release. Both groups strongly condemned the recent killing of two Mising youths in Arunachal Pradesh and called for swift justice by urging the authorities to pursue the case through a fast-track court. A general secretary-level committee was formed, including NES members Heri Maring…

28 Jul

Gold futures prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi, Gold prices rose by Rs 206 to Rs 98,025 per 10 grams in futures trade on Monday as speculators created fresh deals due to strong spot demand. At the Multi Commodity Exchange, the price of gold contracts for August delivery rose by Rs 206, or 0.21 percent, to Rs 98,025 per 10 grams in a business turnover of 5,831 lots. Analysts said fresh buying by participants led to the rise in gold prices. Globally, gold futures in New York rose 0.14 percent to $3,397.30 an ounce.

26 Jul

SBI Cards Q1 results: Net profit decrease 6%, revenue rises 12%; asset quality stable

Business CorrespondentBusiness, News

SBI Cards on Friday, July 25, reported a net profit of ₹556 crore for the current financial year (Q1 FY26), down 6.4% from ₹594 crore in the same period last year. SBI Cards' total income from operations rose 12% to ₹4,877 crore as against ₹3,683 crore in the same period a year ago. The company's interest income grew 11% year-on-year to ₹2,493 crore and income from fees and commissions grew 14% to ₹2,191 crore. The company's cards-in-force (CIF), i.e. the total number of credit and debit cards currently active and being used by cardholders at a financial institution, grew 10%…

26 Jul

98 Households Of Riew Village Back 11,000 mw Siang Upper Multipurpose Project

Purbalee DuttaNews, North East

In a significant development, 98 households from Riew village in Siang district have agreed to the preparation of a pre-feasibility report (PFR) for the 11,000 MW Siang Upper Multipurpose Project (SUMP). A memorandum of understanding (MoU) was signed on Friday in the presence of Deputy Chief Minister Chowna Mein, Cabinet Minister Ojing Tasing, Chief Secretary Manish Kumar Gupta, Siang Deputy Commissioner PN Thungon, and Riew villagers. Officials noted that Riew is the second-largest village in the Siang region, and the consenting households make up about 62% of its population—signaling a shift in local sentiment towards the once-contested mega-dam project. Earlier…

25 Jul

Coriander futures prices increase on higher demand

Business CorrespondentBusiness, News

New Delhi: Coriander prices rose by Rs 30 to Rs 7,670 per quintal in futures trade on Friday as speculators raised their bets in anticipation of a firm trend in the spot market. At the NCDEX, coriander contracts for August delivery rose by Rs 30, or 0.39 percent, to Rs 7,670 per quintal in a business turnover of 14,710 lots. Market analysts said coriander prices rose on a firm trend in the spot market and restricted supplies from producing regions.

24 Jul

Gold futures prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi, Gold prices rose marginally to Rs 1,00,330 per 10 grams in futures trade on Wednesday as speculators created new deals due to strong spot demand. Gold contracts for August delivery rose by Rs 1 to Rs 1,00,330 per 10 grams on the Multi Commodity Exchange, with 16,073 lots traded. Analysts said gold prices rose as participants created new deals. Globally, gold futures in New York fell 0.11 percent to $3,427.74 an ounce.

23 Jul

Crude oil prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi, Crude oil prices rose by Rs 21 to Rs 5,667 per barrel in futures trade on Wednesday as traders increased the size of their deals following strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for August delivery rose by Rs 21 or 0.37 percent to Rs 5,667 per barrel in a business of 11,595 lots. Analysts said crude oil prices rose in futures trade as participants increased their deals. Globally, West Texas Intermediate crude was trading 0.26 percent higher at $65.48 per barrel in New York, while Brent crude rose 0.25 percent…